Analyst: Bitcoin Is Testing Short-Term Holder Cost Basis, Showing Stronger Resilience Than During FTX Collapse

Odaily: CryptoQuant analyst Axel Adler Jr. points out that Bitcoin's price is currently testing the cost basis of short-term holders (STH). Axel Adler Jr. believes that the market's reaction to the Binance hack incident has so far been relatively restrained. Compared with the FTX collapse, Bitcoin is currently showing stronger resilience.